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WHAT IS DEBT COUNSELLING?

Debt Counselling is a formal process available to the over-indebted consumer which is regulated by the National Credit Regulator and the National Credit Act.

The debt counsellor will assess the financial position of the over-indebted consumer, which includes a lifestyle assessment.

After the debt counsellor has carefully considered and assessed the over-indebted consumer’s financial position, the debt counsellor will recommend to the consumer how to mitigate over-indebtedness.

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